With next round of money set to go out, IRS issues warning about Child Tax Credit payments

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IRS: Opt out deadline coming up for child tax credit payments

The Child Tax Credit will result in monthly payments to an estimated 39 million households (Getty Images)

WASHINGTON, D.C. (BRPROUD) – The IRS is halfway through distributing Child Tax Credit Payments this year.

The third batch of payments went out of September 15.

Those payments did not go out without a hitch.

So when are the next Child Tax Credit Payments scheduled to go out?

The answer is Oct. 15.

Image courtesy of www.irs.gov

With the fourth payment coming next month, the IRS is reminding the public to be on the lookout for criminals.

If you wish to stop getting the Child Tax Credit Payments, the next opt-out deadline is Oct. 4.

According to the IRS, “To stop advance payments or if you’re making changes to your bank information with the Child Tax Credit Update Portal, you must unenroll or make changes 3 days before the first Thursday of next month by 11:59 p.m. Eastern Time. You do not need to unenroll each month.”

If you would like to stop receiving Child Tax Credit Payments, click here.

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